Sensex Trims Gains in 4-Day Slide: ₹2.75 Lakh Cr Wiped Out

Market Close Analysis

Benchmark indices extended losses in range-bound trade, pressured by relentless FII selling (₹3,642 cr on Dec 2) and rupee depreciation. Sensex hit intraday low of 84,763 before mild recovery; Nifty mirrored caution ahead of RBI MPC. Broader markets lagged, with midcaps down 0.26%.​

Sector Woes

PSU Bank tanked 3.07% led by Indian Bank (-5.52%), PNB (-4.31%); Consumer Durables (-1.57%), Auto (-1.2%), FMCG (-0.8%) followed. Gainers included TCS, ICICI Bank; laggards: BEL, M&M, Titan, NTPC. US markets higher, Brent up 0.99% to $63.07.​

Key Highlights

Index Falls: Sensex -31.46 pts (0.04%); Nifty -46.20 pts (0.18%).​

Wealth Wipeout: ₹2.75 lakh cr mcap loss over 4 sessions.​

FII/DII Flow: FIIs sold ₹3,642 cr; DIIs bought ₹4,646 cr.​

Top Losers: PSU banks, HUL, Titan; IT, pharma resilient.​

Rupee Drag: Hit 90.14/USD, fueling import cost fears.​

Sources: The Hindu BusinessLine, Deccan Herald, Upstox, Reuters